KUALA LUMPUR: The government is urged to give priority to solving the issue of high housing loan interest rates as well as dealing with the problem of unsold houses in the 2023 Budget which will be tabled on Oct 7.
: Monday, January 11, 2021, 8:52 PM IST
Unsold housing stocks down 9pc in 2020 at 7.18 lakh units; builders may take 4yrs to exhaust
The housing brokerage firm, which is a part of News Corp and REA backed Elara Technologies, on Monday released its report Real Insight Q4 2020 , a quarterly analysis of India s eight prime residential markets.
Mumbai construction skyline
Unsold housing inventories fell 9 per cent across eight cities in 2020 at 7.18 lakh units on sharp decline in new launches, but builders will now take nearly four years to clear these stocks at current low sales velocity, according to PropTiger.
The housing brokerage firm, which is a part of News Corp and REA backed Elara Technologies, on Monday released its report Real Insight Q4 2020 , a quarterly analysis of India s eight prime residential markets.